Bombay Stocks Swoon Again
BOMBAY -- The Bombay stocks returned to their losing ways Monday, dropping 3.4%.
The Sensex index dropped 334 points to close at 9,476. The index is now down 23% in a month and has lost ground in five of six trading sessions, with the lone exception of Friday's 5.5% rally.
Big losers Monday were
Bajaj Auto
, which lost 7.1%,
BHEL
, down 6.9%,
HDFC
, down 6.8%, and
ICICI Bank
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, off 5%.
The only gainer was
Dr Reddy's Labs
(RDY) - Get Dr. Reddy's Laboratories Ltd Report
, which moved up 0.8%.
Larsen & Toubro
dropped 2.9% despite an order for the Bisalpur water supply project.
Ashok Leyland
dipped 2.7% even as it reported plans for the Malaysian market.
This story was created through a joint venture between TheStreet.com and IRIS.
